M&A

What is happening: The non-operating shipowners Global Ship Lease and Poseidon Containers are set to merge. The deal: The deal is worth $780m. The merged company will control 38 vessels, a capacity of 198,793 TEU and contracted revenue of $528m. […]

What is happening: Canada’s largest railroad Canadian National have purchased the trucking company Trans X Ltd. Why is this happening: The railroad are looking to expand their intermodal and refrigerated services. Trans X: The trucking company business line includes truckload, […]

Mercury Gate, a leading independent provider of real-time transportation management system (TMS) software, has been acquired by the growth equity investor Summit Partners. The investment firm announced their purchase late last month but failed to disclose any of the terms […]